The African Development Bank has approved at least US$138 million in financing for the Ruzizi 3 hydropower project.
The 147 MW run-of-river plant, to be located on the Ruzizi River between the border of Rwanda and the Democratic Republic of Congo, is part of AfDB's Programme for Infrastructure Development in Africa that also benefits Burundi.
Ruzizi 3 will be the third in a cascade that also includes the 29.8-MW Ruzizi 1 and 43.8-MW Ruzizi 2 hydroelectric plants.
Estimates project Ruzizi 3's total cost at exceeding $625 million, with more than $50 million being added to AfDB's funding from the private sector.
HydroWorld.com reported in July 2011 that the European Investment Bank had committed to help coordinate the public/private partnerships required to develop the plants, citing the Ruzizi cascade's potential impact on more than 100 million people living in Africa's Great Lakes region.
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